02/07/24

By providing access to reliable and comprehensive data points, digital trade finance tools give banks and corporates a full view of their supply chains beyond their initial customers to get the full picture, Enno-Burghard Weitzel, Senior Vice President of Strategy and Digitization at Surecomp, tells Aerial View. Data transparency is crucial when considering ESG factors in trade finance. It allows stakeholders to assess the environmental impact of trade activities, such as carbon emissions or resource depletion, and make informed decisions, he said. Transparency reveals the social implications, such as labor practices, enabling responsible investment and ethical decision-making. It also helps evaluate governance practices, including accountability and risk management, ensuring the integrity of financial systems.

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